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(MENAFN - AFP) Health authorities on Thursday announced the first US death from measles in 12 years, after an autopsy showed a woman's fatal pneumonia was caused by the contagious disease.

"The cause of death was pneumonia due to measles," said a statement from the Department of Health in Clallam County, Washington.

"The woman had several other health conditions and ...

 
(MENAFN - AFP) No matter the solution found for Greece's debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing again.

Athens had been able to balance its finances with austerity policies imposed by creditors as part of its bailout programme, but economists say the Greek economy ...

 
(MENAFN - AFP) The EU and IMF heaped pressure on Greece Thursday, warning of the perilous state of the country's finances, days ahead of a controversial referendum that could determine its future in the eurozone.

As Greece's leftist leaders staked their political lives on the outcome of Sunday's vote, the International Monetary Fund warned the country's growth prospects had ...

 
(MENAFN - AFP) Asian markets retreated on Friday ahead of the weekend's Greek referendum that could decide its eurozone future, while Shanghai plunged more than seven percent, at the end of a torrid week for mainland investors.

Wall Street ended in the red as a strong increase in US jobs was overshadowed by the Greek crisis and stagnant wage growth.

Tokyo eased 0.36 ...

 
(MENAFN - AFP) The South Korean government on Friday agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.

The 22-trillion-won ($19.8 billion) stimulus package was passed at a cabinet meeting of government ministers, the finance ministry said.

"The extra budget will help revitalise the economy ...

 
(MENAFN - AFP) The Canadian economy is likely headed for recession, two major banks said Thursday, predicting a successive contraction in the second quarter.

Canada, the world's fifth-biggest oil producer, has been hard hit by tumbling global oil prices and its economy shrank 0.6 percent at an annualized rate in the first quarter.

A recession is defined as two consecutive ...

 
(MENAFN - AFP) ArcelorMittal and other steel firms said Thursday they have laid off 10,000 workers in Mexico and warned that thousands more are at risk if the government fails to curb "unfair imports."

The global steel giant and Mexican firms DeAcero, Altos Hornos de Mexico and Tubacero took out a full-page newspaper advertisement urging President Enrique Pena Nieto to impose ...

 
(MENAFN - AFP) The International Monetary Fund said Thursday that its Ukraine mission had reached agreement with Kiev authorities on the steps needed to release $1.7 billion in much-needed bailout funds to the government.

The mission has been reviewing the country's reform achievements since the IMF awarded Ukraine a new four-year, $17.5 billion support program in March and ...

 
(MENAFN - AFP) Yahoo said on Thursday that it is testing letting Google put its online search skills to work at some of its online properties.

The pioneering Silicon Valley Internet firm was looking at whether having a mix of players handling search results or search ad placement at its websites would benefit Yahoo and its users.

"As we work to create the absolute best ...

 
(MENAFN - AFP) The US economy churned out a solid 223,000 net new jobs in June, the Labor Department said Thursday, but wages remained flat, underscoring continued weaknesses in the economy.

In a decidedly mixed report on the jobs market, the department said the unemployment rate fell to 5.3 percent, the lowest level since April 2008.

Yet that gain came more from people ...

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